Transportation Logistics and Economic Decline: Politics, Infrastructure and the Recession
Transportation Logistics and Economic Decline: Politics, Infrastructure and the Recession
Final Project
Ricky Dartez – 4171437
TLMT498, Summer 2012
Dr. Ernest L. Hughes
October 28, 2012
Table of Contents
Abstract…………………………………………………………………………………………….3
Introduction…………………………………………….……………….………………………….4
The Scope of Logistics’ Economic Impact..…...………………………….……………………….5
The Economy of Logistics: Macro and Micro Perspectives…………….…………………………8
Impacts of the Great Recession……………………………………………………………….…..10
Transportation and Politics………………………………………………………………….….....14
Conclusion……………………………………………………….………………………….…….17
References………………………………………………………;…………………….………….19
Absract
This paper attempts to explain the cyclical relationship between the transportation industry and the U.S. economy. It begins by exploring the scope of logistics activities and their impact upon the economy, and then attempts to show how the economy in turn determines the state of the transportation industry and its ability to contribute to the economy. The paper will then reveal the impacts upon the transportation sector because of the recessionary conditions beginning in 2007 and continuing until 2010. Finally, we will reveal how political partisanship has the ability to depress the health of the transportation industry by withholding needed infrastructure funds and the effect that has upon the economy.
Transportation Logistics: Politics, Infrastructure and the Economy
Logistics and transportation as a function of logistics management have a significant impact upon the U.S. economy. The inverse is also true. The economy has a significant impact upon logistics and transportation, especially in regards to the manner in which organizations manage their supply chains. The end of an economic recession in the early 1980s and persisting economic fears developed into an unrelenting pursuit of cost savings and ultimately to offshoring of many ancillary business process, including
Final Project
Ricky Dartez – 4171437
TLMT498, Summer 2012
Dr. Ernest L. Hughes
October 28, 2012
Table of Contents
Abstract…………………………………………………………………………………………….3
Introduction…………………………………………….……………….………………………….4
The Scope of Logistics’ Economic Impact..…...………………………….……………………….5
The Economy of Logistics: Macro and Micro Perspectives…………….…………………………8
Impacts of the Great Recession……………………………………………………………….…..10
Transportation and Politics………………………………………………………………….….....14
Conclusion……………………………………………………….………………………….…….17
References………………………………………………………;…………………….………….19
Absract
This paper attempts to explain the cyclical relationship between the transportation industry and the U.S. economy. It begins by exploring the scope of logistics activities and their impact upon the economy, and then attempts to show how the economy in turn determines the state of the transportation industry and its ability to contribute to the economy. The paper will then reveal the impacts upon the transportation sector because of the recessionary conditions beginning in 2007 and continuing until 2010. Finally, we will reveal how political partisanship has the ability to depress the health of the transportation industry by withholding needed infrastructure funds and the effect that has upon the economy.
Transportation Logistics: Politics, Infrastructure and the Economy
Logistics and transportation as a function of logistics management have a significant impact upon the U.S. economy. The inverse is also true. The economy has a significant impact upon logistics and transportation, especially in regards to the manner in which organizations manage their supply chains. The end of an economic recession in the early 1980s and persisting economic fears developed into an unrelenting pursuit of cost savings and ultimately to offshoring of many ancillary business process, including
References: Coyle, J.J., Langley, C.J., Gibson, B.J., Novack, R.A. & Bardi, E.J. (2008). Supply chain management: A logistics perspective (8th ed.). Mason, Ohio: South-Western Cengage Learning. Gilmore, T.L., Morgan, E.T. & Osborne, S.B. (2011, May). Annual industry accounts: Advance statistics on GDP by industry for 2010. Retrieved from http://www.bea.gov/scb/pdf/2011/05%20May/0511_indy_accts.pdf Konish, L U.S. Bureau of Economic Analysis. (2012). Value added by industry as a percentage of gross domestic product [Data Table]. Retrieved from http://www.bea.gov/iTable/iTable.cfm?ReqID=5&step=1